Daily Review of Bisphenol A: Going Up

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] March 25, 2010: The domestic bisphenol A market is rising but has not yet rebounded.
On the last trading day (March 24), the mainstream transaction price in East China in the mainstream market continued to rise to the range of 14,500-14,700 yuan/ton, with an increase of 200 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market continued to run higher on that day, and the trading businesses were optimistic.
Some of them showed that they were not selling their goods but were not selling.
The downstream manufacturers were waiting and watching and cautious in entering the market.
Bayer Shanghai suspends quotations and continues to boost market sentiment, and the price market has further risen; stockholders are more optimistic about the market, and at the same time, inventory costs are high and shipment intentions are low.
Downstream will gradually enter the market to purchase on-demand and the trading atmosphere will be flat.
The domestic bisphenol A market is still on the rise, and downstream demand needs to be further recovered.
Related products, epichlorohydrin, stabilized and released negatively, the raw material pure benzene is strong short-term cover, phenolic ketone is weak and negative, its own ocean-going cargo is less replenishment, near-ocean high is entrenched, low-price replenishment is not easy, and the overall is cautious and optimistic.
At the same time, the commodity sentiment has improved: this week's commodity consolidation continued within a narrow range.
However, due to the high level of the crude oil market, the boost to related petrochemical products was obvious.
The energy and chemical futures spot prices first declined and then rose, and the atmosphere improved.
The macro factors are complicated and the market Risk fluctuations are obvious, so you should keep your eyes open and wait and see in short-term.
In short, the bottoming of bisphenol A is over, and the volume is increasing.
The external market is strong and low-price replenishment is not easy.
The overall mentality is cautiously optimistic.
It is expected that the high level will fluctuate, pay attention to the external market and downstream trends, and do not rule out the possibility of further price increases.

    On the trading day (March 24), the domestic bisphenol A market still moved upwards.
The external market for bisphenol A rose sharply, and the internal and external disks were upside down.
The Asian market is currently at a high level, with major regional manufacturers offering US$1750 to US$1,800.
/Ton (CFR China's main port), some of the market's buying intentions are 1680-1700 US dollars/ton (CFR China's main port).
Supported by downstream demand, supply and demand, the short-term market trend is cautiously optimistic.
The trading atmosphere is fair, high-end talks are going up, trading merchants are optimistic, downstream is still more affordable, merchants need to follow up, continue the upward trend, internal and external trading interactions upward; earlier oil prices fell first and then rose, Europe and the United States Sub-pure Benzene fell (including Europe plummeted by US$84/ton), related product epichlorohydrin was sideways, direct raw material phenol ketone atmosphere improved, bisphenol A external disk cost/supply and demand support high, the market mentality is generally cautiously optimistic, mainly holding goods Merchants are reluctant to sell and have strong interest, and short-term high-level operations continue.
According to market experts from the China Epoxy-e.
cn Association, among them: the mainstream quotation in East China is 14,700-14,900 yuan/ton, the increase is 200 yuan/ton, the mainstream transaction price is 14,500-14700 yuan/ton, Increase by 200 yuan/ton; mainstream quotations in Huangshan area are 14800-14900 yuan/ton, increase by 100 yuan/ton, mainstream transaction prices are 14600-14800 yuan/ton, and high-end prices are raised 100 yuan/ton; mainstream quotations in North China are 14800-14900 yuan/ton , Raise 100 yuan/ton, mainstream transaction price 14600-14800 yuan/ton, high-end price raise 100 yuan/ton; mainstream quotation in South China 15200-15400 yuan/ton, raise 200 yuan/ton, mainstream transaction price 15000-15200 yuan/ton , Increase by 200 yuan/ton.

    Most bisphenol A manufacturers stopped reporting.
In view of the sharp increase in the spot market, the overall operation and quotation of the support market are unknown.
The spot price has risen again, and there are many wait-and-sees.
The actual supply scale is limited, which will help the market to go up.
Although the curve is attacked and the start-up is still low, some start-up devices have yet to be tested, and the new ones have not yet been released.
The overall main characteristics continue to be shown as follows: Catering to the market, increased operational efforts, wait-and-see push to increase, better operational mentality, maintenance of load, and low capacity utilization.
According to a market expert from the China Epoxy Industry Association (www.
epoxy-e.
cn), on the same day: Bayer Shanghai closed the disk, the initial ex-factory price was 14,500 yuan/ton, mainly for downstream polycarbonate devices, and a small amount of external sales.
The scale of supply It is still limited and the market impact is relatively small.
The 100,000+110,000 tons/year bisphenol A plant is operating stably, the load is 30%, and the 100,000+100,000 tons/year polycarbonate plant is operating normally; Sinopec Mitsui’s ex-factory price is 14,800 yuan/ton, 12 The 10,000-ton/year bisphenol A plant is operating normally and is running at full capacity.
The products are mainly supplied to polycarbonate manufacturers.
The accumulated inventory and retail investors are temporarily not exported.
Further attention is paid to the trend of the spot market; Wuxi resin is closed, and the initial ex-factory price is 17500~18000 yuan/ Ton, the product is for self-use, and has not been exported recently-the main supply is for the Xitong epoxy resin plant (overall production capacity is more than 100,000 tons/year), and part of it is purchased.
The 25,000 tons/year bisphenol A plant is in general operation and the load is not high.
Nantong's 90,000-ton/year bisphenol A plant was put into use on February 22 and was discharged in April; Zhongxin Chemical closed the disk, the initial ex-factory price was 9,500 yuan/ton, and the 25,000-ton/year bisphenol A plant was operating smoothly, and the main supply was ears.
Cement epoxy resin plant (overall production capacity is more than 50,000 tons/year), mainly for self-use, rarely for export.

(Our reporter Wu Xi)

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